The Federation of Small Businesses (FSB) has welcomed the announcement that 63 per cent of the spend on the £60m Meadowhall refurbishment will be spent with local firms.
Meadowhall, the Sheffield-based shopping destination, has revealed that the overwhelming majority of its construction budget has been secured by Sheffield City Region businesses and trades, with eleven companies having been commissioned for the project.
FSB’s South Yorkshire chairman Andrew Flower said: “FSB has campaigned over many years for local councils and large corporations to invest a greater part of their ‘spend’ in the local economy. FSB’s ‘Keep Trade Local’ national campaign was initiated here in South Yorkshire following the floods of 2007.
“Our aim locally is to encourage all public authorities and private businesses to make maximum use of suppliers within the Sheffield City Region to help secure prosperity and jobs for local people.
“We greatly welcome the announcement that local businesses will account for two thirds of the Meadowhall refurbishment project. This exemplary performance means – by our reckoning – that close to £40m of investment in local businesses is currently being undertaken, and that is good news for the local people and the Sheffield City Region economy.
“We would urge the Region’s local councils and large corporations to take a leaf out of Meadowhall’s book and ensure that contracts for the supply of goods and services are awarded first and foremost to local suppliers.”